FSS offers rewards for people spotting ‘card paparazzis’

Up to 2 million won ($1,839) in a cash reward will be given to people for reporting credit card sales agents who illegally recruit new credit card accounts, financial regulators said yesterday.

The reward against so called “card paparazzis” will take effect in December.

The financial regulator said 100,000 won will given to anyone who reports a sales agent who engages in street solicitations promising cash and gifts worth more than 10 percent of the credit card annual membership fee in return for signing up.

A 2 million won award will be given for reporting a sales agent who promotes credit cards from a rival company.

The Financial Supervisory Service said a person needs to send photos, videos, audio transcripts, copies of membership applications and freebies to prove illegal credit card recruitment within 20 days of spotting the illegal behavior.